1219 Heritage Dr · El Reno, OK 73036

$165,000

3 bd · 3.0 ba · 1,848 sqft · Townhouse · 19 Days on market

Built 1980 Fair condition 3,280 sqft lot ↓ 11% since listing

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +14.7/30.0
• ARV discount +7.5/15.0
• DSCR +4.5/10.0
• 1% rule +4.1/10.0
• Rent growth +3.5/5.0
• Livability +3.4/5.0
• Condition / age +2.2/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks

This three bedroom, three full bath is full of possibilities. The primary bedroom and bathroom are located downstairs the two large upstairs bedrooms also have full-size bathrooms, several closets and tons of storage space. The laundry room is located at the top of the stairs. Fenced backyard for privacy. This townhome has the potential to match your lifestyle with all of your own updates.

Key facts

• Laundry room
• Storage space
• Fenced backyard

Tags

• FENCED BACKYARD
• LAUNDRY ROOM
• STORAGE SPACE

Property features AI

Finance

• Other: Legal addition: Town East Lt 6-A2 Blk 1
• Financial info: Listing acceptable for cash or conventional financing; Not assumable; Loan qualification possible
• HOA & community: No mandatory association dues

Exterior

• Parking: Other parking
• Utilities: No flood insurance required (per listing); Homestead exemption indicated
• Home design: Residential townhouse; Two levels; Property faces south; Existing property
• Construction: Brick and frame construction; Composition roof (roof updated in 2015); Slab foundation
• Exterior features: Open patio; Porch; Wood fencing; Interior lot

Interior

• Kitchen: Free-standing electric range; Free-standing electric oven; Dishwasher
• Bedrooms: 3 bedrooms (two-level property)
• Flooring: Combination of flooring types
• Bathrooms: 3 full bathrooms
• Interior features: Dishwasher; Water heater; Combo flooring; One fireplace (other type); One living area; One dining area; No study; Not an in-law plan
• Laundry & utility: Water heater

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath townhouse listed at $165k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $42 ($500/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $150k (9.3% below list).
• Recommended offer: $150k (9.3% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 4.8% in El Reno — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 67/100 on livability (#95 in OK) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: health & safety C-, amenities F, commute F.
• El Reno (town): math 12% / reading 15% proficiency, ranked #232 of 270 in OK (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Lincoln Learning Ctr (math 12% / reading 12%, grade F, #667 of 845 statewide, top 82%, 384 students, 0% FRL); Etta Dale Jhs (math 7% / reading 13%, grade F, #277 of 345 statewide, top 83%, 444 students, 0% FRL); El Reno Hs (math 16% / reading 19%, grade F, #307 of 447 statewide, top 69%, 980 students, 0% FRL) — zoned schools average 0% FRL vs 68% district-wide (68 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+4.2%/yr); 281 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 260 units permitted in Canadian County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Canadian County population projected at +64% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($163k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $149,615 (9.3% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.91% ✗
• Cap rate: 6.60%
• Cash-on-cash: 1.08%
• DSCR: 1.05
• GRM: 9.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.19% rent growth · sell at horizon

5-year hold

• IRR: -13.2%
• Equity multiple: 0.52×
• Total profit: $-22,247
• Equity at exit: $24,602

10-year hold

• IRR: -2.5%
• Equity multiple: 0.82×
• Total profit: $-8,242
• Equity at exit: $14,266

Cash invested: $46,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Oklahoma: 83 Strongly Landlord-Friendly · R+20
• County: — inherits STATE
• City: — inherits STATE

5-day notice; strongly landlord-favorable.

Methodology + full state rankings →

ZIP-level market 73036

• Home prices YoY: -3.3%
• Rents YoY: 4.2%
• Active inventory: 281
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,496 high
• Mortgage (P&I): −$865
• Tax est. 1.5%: −$206 /mo · $2,475/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$314
• Net cashflow: $42

Break-even live

Break-even rent $1,443

Max offer price $165,000

Occupancy floor 92%

Sensitivity live

Price	-10% $156	-5% $99	+0% $42	+5% $-15	+10% $-72
Rent	-10% $-77	-5% $-17	+0% $42	+5% $101	+10% $160
Rate	-1.0pp $125	-0.5pp $84	base $42	+0.5pp $-1	+1.0pp $-45

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1031 S Ellison Ave El Reno, OK	3.0	2.0	1601	$1,500	$0.94	3d	1	1.09mi
1109 S Ellison Ave El Reno, OK	2.0	2.0	1595	$1,360	$0.85	3d	1	1.11mi
1915 S Jensen Ave El Reno, OK	3.0	1.5	1402	$1,400	$1.00	3d	1	1.14mi
605 W Clarke St El Reno, OK	3.0	2.0	1768	$1,395	$0.79	3d	1	1.40mi
702 Amity Ln El Reno, OK	2.0	2.0	1487	$1,550	$1.04	3d	1	1.50mi

Listing history 20 events

1. 2026-06-21
   days on market $165,000 Active 19 DOM
2. 2026-06-18
   days on market $165,000 Active 16 DOM
3. 2026-06-17
   days on market $165,000 Active 15 DOM
4. 2026-06-16
   days on market $165,000 Active 14 DOM
5. 2026-06-15
   days on market $165,000 Active 13 DOM
6. 2026-06-13
   days on market $165,000 Active 11 DOM
7. 2026-06-13
   days on market $165,000 Active 10 DOM
8. 2026-06-09
   days on market $165,000 Active 7 DOM
9. 2026-06-08
   days on market $165,000 Active 6 DOM
10. 2026-06-07
    days on market $165,000 Active 5 DOM
11. 2026-06-05
    days on market $165,000 Active 2 DOM
12. 2026-06-02
    remarks 392-char remark
13. 2026-06-02
    days on marketlisting id $165,000 Active 1 DOM
14. 2026-06-01
    days on market $165,000 Active 283 DOM
15. 2026-05-31
    days on market $165,000 Active 282 DOM
16. 2026-02-20
    price $165,000
17. 2025-11-27
    price $170,000
18. 2025-10-13
    price $175,000
19. 2025-10-03
    price $180,000
20. 2025-08-22
    listed $185,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,954
• − Mortgage interest: −$9,243
• − Property taxes: −$2,475
• − Insurance: −$825
• − Repairs & maintenance: −$1,436
• − Management: −$1,436
• − Depreciation: −$4,800
• Taxable loss: −$2,261
• Est. tax savings @ 24.0%: +$543
• After-tax cash flow: $1,043/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 13 photos

Fair 45/100 Moderate rehab

This townhouse requires moderate renovations to its kitchen and bathrooms, along with some maintenance on the exterior and landscaping. Upgrading these areas can significantly increase its value for resale or rental.

Repairs flagged

• Moderate Kitchen cabinets — Worn and outdated appearance
• Moderate Bathroom cabinets — Worn and outdated appearance

Value-add opportunities

• Resale Kitchen renovation — Modernizing the kitchen can significantly increase the home's appeal and value
• Resale Bathroom renovation — Updating bathrooms can also boost the home's value and attract more buyers
• Both Landscaping — A well-maintained yard and curb appeal can increase both resale and rental value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Worn and outdated appearance	Moderate	$3,000–15,000
Bathroom cabinets · Worn and outdated appearance	Moderate	$3,000–15,000
Total estimated repair cost · 2 items		$6,000–30,000

Value-add ROI direction

• Resale Kitchen renovation — Modernizing the kitchen can significantly increase the home's appeal and value ↑
• Resale Bathroom renovation — Updating bathrooms can also boost the home's value and attract more buyers ↑
• Both Landscaping — A well-maintained yard and curb appeal can increase both resale and rental value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: El Reno
• NCES district ID: 4010650
• Math proficiency: 12% ▼ -15.00%
• Reading proficiency: 15% ▼ -9.00%
• Median HH income: $44,689
• Composite: 12.01/100
• National rank: #9664
• State rank: #232 of 270 in OK

Livability — El Reno

• Score: 67/100
• State rank: #95
• US rank: #10933

Category grades

Amenities F Commute F Cost of living A+ Crime B+ Employment F Housing A+ Health & safety C- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: El Reno, OK
• County: Canadian County · 154,341 people
• City population: 21,387
• Metro: Oklahoma City, OK
• Population (ZIP): 21,387
• Household income: $59,915
• Rent vs Own: 37.1% rent · 62.9% own
• Severe rent burden: 580.0

Population outlook (Canadian County) Hauer SSP2

• Today (2025): 174,062 people
• By 2030: 195,170 · +12.1%
• By 2040: 239,293 · +37.5%
• By 2050: 285,457 · +64.0%
• By 2075: 403,766 · +132.0%
• By 2100: 498,766 · +186.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 17% Two or more races 8% Native American 8% Black 6%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Slovak 2% Serbian 2% Romanian 1%
• Foreign-born: 5% · Canada
• Languages at home: 89% English-only · Spanish 10%

Political lean MEDSL · Canadian

• 2024 margin: Solid R (+40.4) · D 28.8% · R 69.2% · Other 2.0%
• 2008→2024 swing: +11.9pp toward D · 2008: -52.2pp · 2024: -40.4pp
• All cycles: 2024: R+40.4 2020: R+43.3 2016: R+51.2 2012: R+54.4 2008: R+52.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -11.37%
• Current HPI: 334.5896
• Rent YoY: ▲ 4.19%
• Metro: Oklahoma City, OK
• State GDP YoY: ▲ 1.55%
• F500 in state: 6

Industry mix (Fortune 500 HQ in OK)

Industry	F500 HQs	Revenue
▸Energy	3	$48B

Price history

-10.8% since first listed

5 events — show timeline

• 2026-02-20 Price Changed $165,000 MLSOK
• 2025-11-27 Price Changed $170,000 MLSOK
• 2025-10-13 Price Changed $175,000 MLSOK
• 2025-10-03 Price Changed $180,000 MLSOK
• 2025-08-22 Listed $185,000 MLSOK